CCL Products (India) Ltd
CCL

272.85

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

274.15

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Turnover (lac)
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Buy
Reco. Price
Rs 272.00

Last updated on 02-Dec-2016

We recommend a buy on the stock on account of better product mix and expanding margin. Further, production in its tax exempt facilities will lead to lower effective tax rate. The stock is trading at ~7.5x FY17E P/E, attractive as available at ~60% discount to industry P/E. (Target Price- Rs. 305)
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50 DMA (.)
250.91
100 DMA (.)
255.91
200 DMA (.)
232.41
Weekly Range (.)
241.00
277.00
Monthly Range (.)
230.00
277.00
52 Weeks Range (.)
154.25
286.00
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